I used Turbo Tax last year for the first time sm
Posted By: mlstoo on 2006-12-31
In Reply to: Man! Do I pay a lot for my accountant! - Get Outside
last year and loved it! Only had the tuition credit, though. Everything else was just plain old taxes. I think I'll have to go back to the accountant this year, though, because now we have a rental house to claim for 2006 and I'm not sure how to do those. We have had them before and all that depreciation, etc, would confuse me. Also, I'm an IC now so I guess our taxes will be a mess in the next year since I've only been an IC for about a month now. That won't show up until 2007 taxes are due.
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Turbo Jam: Has anybody tried the Turbo Jam workout? nm
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I think it's that time of year for most men right now.
Did you ever notice how they get crotchety in the spring and fall? I think it's testosterone levels adjusting to the change in season or something. LOL
My Mom called this morning to vent about a tiff she and my father had over something stupid. My husband and I have been having the same theme of tiff lately, too. It's all over silly little things. I actually told my husband to make out a schedule of what he would like me to be doing and when all day long because he's been a little dictator lately. He keeps interrupting my work for help with this or that or he can't find something. Geez, nobody helps me with squat, and I find everything by myself. Plus, I don't go to his work to bother him. If he'd put his stuff away, he'd be able to find it again. Instead, he blames me for running it through the washing machine when he left it out in the garage. OK. He's going to be sleeping in the garage if he doesn't knock it off.
I like this time of year best...sm
Cause like in NC, it doesn't get dark until between 8 and 9 at night. I love it...
You can also pay once a year at tax time
When you are an IC....all that means to the company is that they give you a 1099 Miscellaneous form instead of a W2. You can pay your taxes quarterly but you can also do it all at once on April 15th. Usually people who pay quarterly do so because they make a lot of money and they don't want to pay in a big chunk in April. I'm an IC and I love it! Hope that helps!
I was last year for the first time...
After 11 years as an MT, thought I'd try joining for a year. I decided not to rejoin for a few reasons.
The group health insurance is not available in all states; mine is one of them.
Although I get the same discount through employer for books, I'd hoped to try some online classes. Found that after spending 7-8 hours a day transcribing, my behind and eyeballs can't handle much more computer time. For the same reason, I didn't take advantage of the online forum and classes available.
I live too far from everything to participate in AHDI chapter meetings.
As an AHDI member, you get lots of lengthy emails in your inbox (too many and too long, I think), most of which are more about AHDI activities and not much help otherwise. You also get a couple publications, Plexus and For The Record. They seem geared more towards transcription service providers than MTs. The only thing I liked were 20 CMT Prep Q and A's in Plexus, hardly enough to justify the membership cost
In summary, if you're able to take advantage of their online helps, if you're an MTSO, medical records tech, a person who enjoys being active in group organizations and have a branch near you, membership might be useful.
I'd be in my pool for the 2nd time this year.
I always have more work this time of year
I have my own office account and patients try to get in their yearly appointments before their yearly deductible is due in January again so my work always picks up this time of year. January is usually a little slow for me but it picks back up by February normally and stays quite consistent the rest of the time.
I am taking for second time in the last year
I took if for a while and was without insurance so had to stop for a bit. I am taking it again. I was previously on Paxil. My doctor said that Lexapro had way better withdrawal than Paxil. Paxil would "wig me out" if I missed a day. Lexapro has never done that and when I weaned myself off before I did not notice any major withdrawal symptoms. I also did not gain any significant weight and I am not skinny so believe me I did not want to gain any, lol. We are all different though, but that is my experience. Like I said, Paxil was way way worse on both.
MIL is cooking it- IN- I did it for the first time last year, also IN-
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Wow, what a nice way to help others at this time of year. nm
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Used it for the first time this year and very pleased. sm
We had a deduction we had no idea existed and would not have come across if we'd done it by pen and paper. We also received our refund very quickly, less than 2 weeks direct deposited. It did take a long time to go through the whole process, longer than expected, but we will definitely use it again next year.
I enjoy this time of year when
the time changes and we start having the long days. Here in NC now it won't get dark until about 8:00, and on into the summer it will be closer to 9:00 before it gets completely dark outside. I absolutely hate it in the winter when the time changes and it gets dark at 5:30. It's depressing. I wish the time could stay the same all year.
This is a good time of year to buy.
There are usually good sales in the week before Christmas when retailers are hoping to improve their bottom line. Also, if you wait until January, you may find good bargains from those trying to move stock during a slow time. Personally, I like my Dell. I've had three of them now and really have not had any problems. You can now get them at Staples, too.
Sorry, that is not uncommon at this time of year. Post SM
office employees get greedy.
Full-time without OT. Made about 40K last year. nm
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I feel your pain! This is the time of year sm
when I take advantage of my Netflix subscription, having movies delivered to my home. Also, there is PLENTY of great entertaining, informative stuff on the "cable" channels (I have a dish). I'm hooked on HGTV and DIY. The Food channel makes me way too hungry so I avoid that one. You can take a "mini vacation" just by watching the Travel Channel. Even the Weather Channel has some interesting shows.
Anybody make less than $12,000/year, part time - sm
I know at just part time (minimum 25 hrs a week) I won't be pulling in a ton of $, but I thought it would be a little more than that. Am I alone?
Any 62 year old should know by this time how to figure things out
I am older but I do not have to ask others how to get around money out of my husband's money to cover my expenses. Give me a f…ing break! All the time I have read these posts have never seen 1 person trying to be so underhanded. They are not glad to be able to make around $900- they were trying to do something against a company, IRS and anyone else she could. After all that time she comes back to rant some more and call us vipers. I am independent. Last year I sold property for $150,000. I did not pay all my independent taxes like I should but.... I had major expenses such as new computer, property upkeep on the one sold plus those taxes, my property taxes where I live and I made arrangements last year (hey, I was thinking ahead) and set up at least $46,000 in the bank JUST IN CASE I needed for the taxes this year. With all my expenses paid out, did my taxes and got back a little over $600. I did not retire, I did not flame others for what I should do, I used my head before time, not just running out and spending all and had a cushion in case I needed. I am woman, I am strong, I use my head for what it was intended. This is the way things should work, not retiring first, not having enough money, not trying to be sneaky about working and having others taking the credit and pay then paying me under the table, then trying to pull the wool over other's eyes!
Sedona, Arizona is awesome this time of year.
I'm 46 and I went back to school this year full time for a BSN...sm
I was worried about because, let's face it, my short term memory isn't what it used to be LOL. Plus the program is ONLY full time. They had 1000 applicants and picked the top 70 of us. If you didn't have a 3.5 GPA, you didn't get in. But I am doing really well in school - after I got past the shock of the first 6 weeks - tons of work- and I am at the top of my class. My husband, bless his heart, is doing all the cooking and we are basically kind of ignoring the dirt. My house will be clean again another day. I am finishing up my second semester, have 3 more semesters for a BSN, and then another 2.5 years to get my masters and be an advanced practice nurse. 41 is definitely not too old! You will have to work smart to save your back but it can be done. Also MT is starting a slow slide out...you would be smart to start your second career now while you still have a job... IMHO
good luck!
I made 21,000 last year working part time...
hoping when my youngest gets a bit older (she is 16 months) I can make a bit more...
Perfect time of year to get a foot in the door somewhere.
I feel for you....been there. Actually, I got my first break this time of year, doing p.r.n. work for offices that had MTs out on vacation. Get your phone book and start calling, see who might need you for a week at a time, a few months (maternity leave, sickness, etc.) You'd be surprised what it leads to. I sure wish you the best of luck with it.
generally this time of the year is slow for my hospital NM
:)
Working 2 full-time jobs (for a year now), and boy am I tired!!
.
I crocheted a baby's hooded sweater last year at this time.
Had a heck of a time with it...kept sewing it until I got it right, Had To! LOL. The one side of the hood was right on at first crack, but the other side of the hood looked outrageous at first, LOL, had to undo and redo a few times. Arrgghhh. You'll get it, just keep on keepin' on!
It's cold here this morning!!! I had to turn on my office heater for the first time this year.
 Winter's coming and it's supposed to be incredibly cold the next couple days. YUCK And, with the gas prices the way they are I guess I'll have to suffer with it a little colder this year.
I *only* make $40K a year for full time work. Now I find that isn't decent is or fair?
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Turbo tax
If you get the Turbo Tax with the schedule C it will take you through everything. Basically supplies, equipment, mileage, computer programs, reference books - sources, internet if needed for work, phone. Don't know if you are an IC or employee so home office may and may not work for you.
Get Turbo Tax
If this is your first year it might pay to have a CPA or tax accountant do your taxes for the first year and then from there on out use Turbo Tax. All the forms are in there to do a Schedule C which is what you will need to do. Turbo Tax takes you throught it step by step for home office, utliites, supplied, etc. Or else can go onto IRS internet page and they have all the forms you would need. But again, first year if it costs $100 to get some advice from a CPA or tax accountant it is well worth it. I did it for 3 years and then past 15 have done my own with Turbo Tax.
Turbo Tax
Has anyone used Turbo Tax if you are an IC? If so, is it easy? I'm sick of paying my account a ton of money to do my taxes when it takes them about 15 minutes to plug info into the computer and spit the forms back out. Seems like it could be something I could do myself.
Used to Use Turbo Tax
When I became an IC I didn't trust myself to know all the deductions that I could take for my home office. My accountant is a friend's husband who charges $100 for our tax returns so to me it's worth it. He saved me so much money the first year, I was impressed. LOL
Turbo Tax vs Tax Cut
I have used Turbo Tax every year but one. The one year we used a tax accountant was when my husband drove truck over-the-road and weren't sure about all the tax deductions. He charged us an arm and a leg, and we did all the work for it. The only year we had to pay in too. We then went back to Turbo Tax. I have heard another MT say last year that she got a bigger tax deduction from using Tax Cut last year, and she compared it with Turbo Tax. I am going to do the same thing - since Tax Cut sent a free CD to us as a promo thing. Worth doing to see which program does it better. Turbo Tax is extremely user friendly. Even my husband, who is not terribly computer literate, was able to hop and do his tax information for his business. Very slick and easy. It totally walks you through depreciation, 401k stuff, extra properties, etc. Very easy!
I think Turbo Tax does
If you have last year's forms to go by I would try it myself. But that is me. If you aren't cheating or doing something wrong, why fear doing it yourself.
Turbo Tax
I'm getting ready to do my taxes and this year will be the first time usnig Turbo Tax. I'm an IC, single. Can anyone tell me roughly how long it will take who has used Turbo Tax? Thanks.
I tried Turbo Tax 2 years ago and STILL
am in awe at how totally cool it is, how EASY it is, even to file itemized and deductions, as well as do your state taxes as well. I used to use an accountant every year, paid him $400 to $500 just to use probably the same software, after having spent weeks compiling all the #s myself anyway. I was really afraid, but tried Turbo Tax and would NEVER switch. I think this year, though, I am going to buy it online rather than CD. It keeps your history from year to year - you will just be shocked when you see how efficient it is. And you can file using the e-form, and get your $$ back in like 10 days. Also, might I add, I never ever got $$ back in over 14 years until I used Turbo Tax - then got back $1K or so. I nearly fainted - 2 years in a row, and it was done correctly.
Agree with Turbo Tax (sm)
I started using Turbo Tax 3 years ago. All you do is answer normal questions and they know where to put them on the forms. Usually the first time you buy the software you get rebates so it is pretty cheap. Then you get your refund back in a week or two. They even tell you when you can expect to have it direct deposited in your account.
I highly recommend it. It is easy, you'll do your taxes that way forever more, and you don't have to pay some middleman hundreds to do your taxes or a huge percentage of your refund to get it back quick.
I've only used Turbo Tax
But I've been using it for many years and I love it. Very easy to use, even for IC stuff.
Turbo Tax, quarterlies
You can subscribe to Turbo Tax's quarterly program. Calculates tax for you, gives e-mail reminders for due dates - it's a good way to help keep on top of taxes.
Get Turbo Tax, it has a whole section for this and asks you if you have this, this, that...sm
By using this I found 2 deductions I had no idea I could take.
I've also used Turbo Tax for yrs without any difficulty...nm
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I use Turbo Tax Small Business - sm
It will walk you through everything and prepare a schedule C for you as well. I would recommend this if you are going to prepare your own taxes.
Turbo Tax Home Business Edition! Tax Q's!!
OK, I know you probably are sick of taxes, but here I am just getting started, as usual. I always owe so much $$ that it makes me sick, and so I procrasinate. At any rate, I had used Turbo Tax Home Business for several years and it was GREAT until last year. Then they changed the program and it tanked for me, but I have high hopes that maybe this year its better and improved??? My problem is that I work for a company - that big one who shall remain nameless, and am an employee, but I always take the home office deduction -- have done so for 20 years, as my home is taken over by my office. At any rate, last year on Turbo Tax Home Business you could NOT enter your rent or mortgage or any utilities off of a W2 form - you had to be an IC. I also am a per diem IC, so I have a few hundred dollars in W9 forms. But Turbo Tax last year would NOT let me use this home office deduction - it couldn't recognize it from a technical aspect with the W2 form. I'm just about to blow $100+ on the online version, and thought maybe I'd ask here first. Has anybody used Home Business edition TT this year? Is it great like it used to be? Any snags? I know I was not alone last year with this business office deduction as April 14th this board and all other MT boards were jammed up with hundreds of us trying to figure out how to manually override this snag! With no luck.... Anybody have any experiences with TT this year? Those are my only deductions, by the way - just home office and utilities, no other itemizations. So it should be easy.... LOL! LOL!
Turbo Tax on the internet offers all this and no software has to be bought
I have used it for years and you save your whole return at the Turbo Tax site. I love it.
5 cats - Amadeus, Flash, Turbo, Rhiannon, Lizzie
Three Maine Coons and 2 domestic shorthairs.
Mine are in year-round thank goodness! They've started their new year 2 months ago.
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Union diesil mechanic - good pay, great benefits. We swap year to year on who brings home more sm
money.....but I am an IC and he has all the benefits...health insurance/dental that the company pays for, pension plan, 401k, etc. Factor all of that in and he makes way more than I do.
to cowgirl - Last I knew, last year the job paid $25,000/year no taxes, etc.
The hospital was bombed about a year ago, but not a lot of damage, very minimal damage.
44-year-old WF, M, Texas, 3 grown kids, just had 26 year wedding anv.
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nope, still crunching last few days of year to hit my 50k this year. how can you when you haven'
;
Nothing this year. We ALWAYS got a cool surprise in the past, but this year nothing. :-( nm
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After I went to a 1-year MT course at a vocational school, it was so bad that I did the 2-year colle
Not only did I finally receive the proper training, but the woman on the advisory board hired and mentored me. I also joined the local AAMT and networked. Good luck. I know how frustrating it can be. A community college will have a good program to include medical language, MT courses taught by local MTSOs, business English, anatomy and physiology, pathophysiology, etc.
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